Keeping a ledger can teach kids basic accounting skills and a bit of economics. It is actually a fun and practical math activity for kids who love numbers. My 6 year old keeps track of his savings and allowance easily by recording his earnings in a ledger book. I got the idea because one of the activity ideas in The Write Start (Affiliate link.) Have you got your copy yet? It's worth it. See my review of the book. was keeping a ledger book. So he's also getting some real-world writing skills, too.
I bought Kiddo a simple 8 column blank ledger book to keep track of how much money he had earned, and how much he had to spend, save or give. He loves to write in it, and I think he works harder to earn money just so he can write it down!
You can also read my description of Kiddo's allowance system.which encourages him to save and give his money, as well as earning him some spending money.
This post contains an affiliate link.